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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2023
Equity [Abstract]  
Summary of Share-based Payment Arrangement, Option, Activity
The following table summarizes option activity under the plans:
Options OutstandingWeighted-Average RemainingAggregate Intrinsic Value
(In Millions)
Number of SharesWeighted Average Exercise PriceContract Term
(In Years)
Outstanding as of December 31, 2022
1,986,978$36.54 7.8$1.3 
Granted— 
Exercised(103,002)11.89 
Cancelled/Expired(257,719)25.30 
Outstanding as of September 30, 20231,626,25716.12 7.1$0.1 
Vested and exercisable as of September 30, 20231,273,336$16.09 6.9$0.1 
Summary of Unvested Restricted Stock Units Roll Forward The following table summarizes the RSU and PRSU activity for the nine months ended September 30, 2023:
Number of SharesWeighted Average Grant-Date Fair Value per Share
Unvested and outstanding as of December 31, 2022
2,881,984$41.15 
Granted1,372,58517.97 
Released(861,292)40.81 
Canceled and forfeited(414,068)39.29 
Unvested and outstanding as of September 30, 2023
2,979,209 $30.79 
Summary of Share-based Payment Arrangement, Expensed and Capitalized, Amount
Total stock-based compensation expense, classified in the accompanying consolidated statements of operations and comprehensive loss was as follows (in millions):
Three Months EndedNine Months Ended
September 30,September 30,
2023202220232022
Losses and loss adjustment expenses$0.4 $0.7 $1.0 $1.9 
Insurance related expenses1.1 1.4 3.7 3.9 
Technology and development2.8 5.1 10.1 15.9 
Sales and marketing3.3 4.0 11.2 9.3 
General and administrative6.4 5.8 20.8 15.3 
Total stock-based compensation expense$14.0 $17.0 $46.8 $46.3